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Cados, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 29%, Highest in Six Terms, Dividend Revised Upward by 20 Yen

Thu Jun 12, 2025 2:00 pm JST Earnings

211A Cados Corporation 【J-GAAP】

Earnings Report

Cados Corporation <211A> [TSE Std] announced its financial results in the afternoon session on June 12th (14:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending July 2025 (August 2024 to April 2025) expanded 731 million yen, an increase 76.1% compared to the same period last year.

In addition, the full-year forecast for ordinary profit has been revised upward 28.8%, from the previous forecast of 674 million yen to 868 million yen (compared to 601 million yen in the previous period), increasing the growth rate from 12.1% to 44.4%, reaches new record high for the first time in six terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the February to July period (second half) is expected to increase 90.7%, from the previous forecast of 214 million yen to 408 million yen (compared to 204 million yen in the same period of the previous year), increasing the growth rate from 4.9% to 2.0 times.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 130 yen to 150 yen (compared to 85 yen in the previous period).

In the most recent three-month period, from February to April (3Q), the ordinary profit surged 15 times that of the same period last year, reaching 271 million yen. The operating profit margin drastically improved from 2.5% in the same period last year to 14.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Aug - Apr, 2024 5,593 730 731 514 513.0 84.2 Jun 12, 2025 J-GAAP
YoY － － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 Prev 2,953 228 214 120 133.0 130 Mar 13, 2025 J-GAAP
Feb - Jul, 2025 New 3,753 413 408 261 289.2 150 Jun 12, 2025 J-GAAP
Revision Rate +27.1% +81.1% +90.7% +117.5% +117.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2025 Prev 6,700 685 674 439 486.4 130 Sep 12, 2024 J-GAAP
Jul, 2025 New 7,500 870 868 580 642.7 150 Jun 12, 2025 J-GAAP
Revision Rate +11.9% +27.0% +28.8% +32.1% +32.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 2,737 234 204 144 189.8 85 Sep 12, 2024 J-GAAP
Feb - Jul, 2025 Guidance 3,753 413 408 261 289.2 150 Jun 12, 2025 J-GAAP
YoY +37.1% +76.5% +100.0% +81.3% +52.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 6,475 637 601 405 533.7 85 Sep 12, 2024 J-GAAP
Jul, 2025 Guidance 7,500 870 868 580 642.7 150 Jun 12, 2025 J-GAAP
YoY +15.8% +36.6% +44.4% +43.2% +20.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 1,821 211 186 133 175.3 11.6 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 1,734 173 171 119 118.3 10.0 Dec 12, 2024 J-GAAP
Nov - Jan, 2024 2,013 284 289 200 197.8 14.1 Mar 13, 2025 J-GAAP
Feb - Apr, 2025 1,846 273 271 195 194.6 14.8 Jun 12, 2025 J-GAAP
YoY － － － － －

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